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recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed, mr. speaker, what has changed is the spending. the reason deficits have grown not one, not two, not three but almost four times larger than the previous record deficit in american history is not because tax poli
that debate. the administration loses that control. then you have occupy wall street as well. obama keeps them at arm's length for the most part. i hear this a lot. what is the line? lbj says make me do it. people are starting to get a sense that obama is in need. there is no doubt about it. there is a sense of a new chart. it is making him rise to the new ways. he is now having a fresh hundred days to capitalize. >> do you agree that he is essentially a pragmatists? >> i do. he is a guy who you find him setting up some trial balloons. they tend to be on the left. there is more structural change. it they say they're like this idea. they really rebalance the financial system. he gets pushed back. sometimes he is with summers and sometimes he is with geithner. he tends to move toward pragmatism. he is evolving. we cannot help ourselves. the big question is how this man will of of and how it will express itself now that he has this. >> what is your big answer? >> some answers i think i have gotten over the last deal. i think she has gotten better and understanding the dynamics of presidential pow
so far. this is the obama's administration offer. every day here in "the new york times"of the two proposals a the fiscal cliff continues to dominate washington here today and this week. irandy in alabama, republicans. caller: i think both of the approaches here are ridiculous. we keep talking about reforming the taxes when it is so complicated that an average person cannot even do it. it's really time to stop reforming the idea of taxes with all these tax ideas. it all it's going to do is drive up inflation. every time we raise taxes, inflation goes up. we really need to go to something like a consumption tax. there's a lot of space out your that do not even haven't come taxes, and their roads are really nice and they do not have been come taxes. they live off other taxes. i think they need to try to fix this whole thing was out just keeping throwing money at it. increasing rates and all of this stuff, it's madness. host: we showed you what senate majority leader harry reid had to say it in reaction to last night proposal from speaker john boehner. house democrats are having a cau
Search Results 0 to 2 of about 3